NINGBO FUDA(SH:600724) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-01 23:27Core Viewpoint - Ningbo Fuda Co., Ltd. plans to sell 100% equity of its wholly-owned subsidiary, Hekou Yingzhou Cement Co., Ltd., through public listing to optimize its equity structure and reduce operational risks [1][8]. Transaction Overview - The transaction involves the transfer of 100% equity of Hekou Company, with an assessed value of RMB 1.5752 million as of June 30, 2025 [2][3]. - The transaction does not require board approval as it does not meet the threshold for board review [3]. - The final transaction price will be determined based on the results of the public listing process, and there is uncertainty regarding the buyer [4][6]. Target Company Information - Hekou Yingzhou Cement Co., Ltd. was established on April 19, 2016, with a registered capital of RMB 5 million [5]. - The company is located in Yunnan Province and is involved in cement manufacturing and sales [5]. Transaction Purpose and Impact - The transaction aims to activate assets, optimize resource allocation, and lower operational risks for the company [8]. - It is expected that the transaction will not have a significant impact on the company's financial and operational status, nor will it harm the rights of shareholders, especially minority shareholders [8].